HSBC Bank Canada, a subsidiary of HSBC Holdings plc (HSBA.L,HBC: Quote), posted Monday a fourth-quarter profit of C$118 million, compared to last year's C$102 million. The result reflects a drop in loan impairment charges and other credit risk provisions and also lower operating expenses.
Net interest income for the quarter dipped to C$393 million from C$400 million a year ago. Net fee income also declined 13.7 percent to C$157 million, while net trading income went up to C$31 million from C$24 million.
by RTT Staff Writer
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